Reduce Mortgage Payment

See how you can reduce your Mortgage payment, rate and term. And see how 3 of our customers did exactly that with 3 different customer stories.

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See how 3 of our customers saved on their Mortgage

The below 3 case studies are our customers who have recently come to us to handle their Remortgage.

Each had different objectives and different circumstances.

But each of them reduced the interest rate they were paying on their Mortgage.

Fixed Rates are currently starting as low as 1.19% with a £995 Lender Product Fee.

And Fee Free Fixed Rates start as low as 1.57%. Now is a great time to secure your new Mortgage.

Get in touch for a free non-obligatory quotation. Or read on to see how we’ve helped our customers save on their Mortgage.

Customer 1 – Like for Like Remortgage

Customer previously had a 5 year fixed rate Mortgage at 3.49%, which was now coming to an end.

Since they had taken out this Mortgage, interest rates fell further and have remained at record lows for some time.

There was £150,000 remaining on their Mortgage and their property was worth £250,000. Giving a low loan to value of 60%.

Their existing repayment was £732 per month over 26 years.

They wanted to bring their repayment down to fit their ideal budget and also reduce their term if possible.

I recommended an interest rate of 1.19% and reduced their term to match their budget.

I reduced their term down to 24 years from 26. And reduced their monthly repayment by £133 per month to £599.

Customer 1’s Review on our Advice and Service

From start to finish the whole mortgage process ran smoothly.

Nothing was ever too much to ask and Luke was always on hand when ever we needed any technical advice.

Thank you Luke for all of your help!

Highly recommend using if you need Mortgage Advice.

Customer 2 – Remortgaging to reduce Interest Rate and raise small amount 

Customer wanted to reduce his monthly repayment and raise some additional monies to help pay for his Daughters wedding.

As he was increasing his Mortgage, he expected this was going to increase his monthly repayment.

He was paying 4.24% and had been with Halifax for the last 14 years. He had £90,000 to repay, was paying £646 per month and had 16 years left on his term.

He’d never thought about Remortgaging and always assumed Halifax’s rate was competitive and they would have told him if it wasn’t.

This wasn’t the case and he was unnecessarily paying more each month just in interest to the Mortgage Lender.

I checked his existing Lenders Mortgages as well as new Lenders.

He raised £8,000 on top of his £90,000.

It was considerably cheaper to go to a different Lender.

I reduced the interest rate to 1.64%, fixed for 5 years. And reduced the monthly repayment by £65 per month to £581.

So not only did the customer get to raise £8,000 on top of his current Mortgage. He also managed to do so and also reduce his repayment by £65 per month.

Customer 2’s Review on our Advice and Service

What were the circumstances that caused you to look for a financial adviser?
To release funds for my daughters and reduce my payments.

How did Luke Spellman help you?
In every way possible his advice was immense first class, took us under his wing.

Have you seen the outcome you were hoping for?
Yes and more, absolutely over the moon.

What could they have done better?
Nothing I really mean that

Customer 3 – Cheaper Rate with Adverse Credit and Raise money for extension

Customers came to me looking to Remortgage onto a cheaper rate and raise £50,000 to complete an extension.

Customers had some Defaulted Credit Commitments from over 4 years ago registered against their names.

I was able to raise the £50,000 additional monies required on top of the £194,500 already owed, which took the applicants Mortgage up to 90% of their Homes value.

Applicants previous repayment was £1,183 on a fixed rate of 4.78%, due to having previous Adverse Credit.

Even with a 10% deposit, I secured the applicants a no fee 2.12% fixed rate product with a mainstream Lender.

Despite the Mortgage increasing by £50,000, we reduced the monthly repayment by £24 to £1,159 per month over the same term as before, 22 years.

Customer 3’s Review on our Advice and Service

How did Luke Spellman help you?
When I first spoke with Luke, I wasn’t sure whether I wanted a mortgage or to remortgage and I bombarded him with questions.

Luke was polite and courteous throughout and answered my emails within minutes of receiving them, even on evenings and weekends.

Luke has constantly put my mind at ease and has gone above and beyond to help throughout our application and I won’t hesitate in contacting him again and recommending him to my friends and family.

Have you seen the outcome you were hoping for?
I certainly have.

Reasons to Remortgage

As demonstrated above, the key reasons to Remortgage are;

To Save Money, raise money and reduce your overall Mortgage term.

As demonstrated above, we are able to do all of the above for you when you Remortgage with us.

When to Remortgage

Interest rates have been consistently low over the last two years and can only go up.

If you haven’t reviewed your Mortgage within the last two years, the likelihood is you will be able to get a cheaper Mortgage.

This could be with your existing Mortgage Lender or a new Lender and we will check both for you.

Get in touch below for a free non-obligatory Mortgage quote.

Our Mortgage Advisors

We work with a variety of Mortgage Brokers which each specialise in different Mortgage Advice areas. When you get in touch, simply select the reason why you’re getting in touch i.e. First Time Buyer, Bad Credit, Remortgage etc. And we will match you to the Mortgage Broker which Specialises in your circumstances.

All of the Mortgage Brokers we work with are whole of market, fully CeMap qualified, Regulated by the FCA and have consistently reviews from customers.

Get in touch for a free non-obligatory conversation with one of our Specialist Mortgage Advisors for further information on how they can help you.

Get in touch for Information

Whether you’re a first time buyer or simply looking to Remortgage. Get in touch with us today, so we can put you in touch with a Mortgage Advisor which Specialises in your case.

We will only put you in touch with a Mortgage & Protection Advisor which Specialises in your individual circumstances. Your information will not be used for any other purpose.

For more information or you would just like to find out more about us, please do get in touch.

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UKMortgageAdvisors.co.uk is an Information only website. None of the information provided constitutes advice. Advice should always be tailored to the individuals needs, which we do not do by providing general information.

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Every Advisor we work with is regulated by the Financial Conduct Authority and authorised to give Financial Advice. We cannot be held accountable for any individual Advice an Advisor may give you. But if you do have any complaints at all, we of course want to know so we can act on it.